The World in Which We Live Now

One of the many reasons that electricity is dysfunctional is that we've integrated many monopoly utilities into HUGE grids that are "too big to fail". To make matters worse, these grids are increasingly fragile due to rapidly growing operational complexity and rapidly growing political complexity. That slows everything down and jeopardizes the key attributes, cost and reliability.

As Nassim Taleb, author of "The Black Swan", points out in the linked article in reference to governments, "...successful models like Venice, Dubai, or Singapore were small city-states. Scale enables effective governance, but as the U.S. economy grows in size and complexity, governance becomes harder. We need even more localism than we had 50 or 100 years ago, but our systems haven’t adapted to this reality." The same is true for electricity.

"Consumer Regulated Electricity" (CRE) can get us back to the "city-states" model of electricity. By allowing private investors to build new independent and competitive utilities, we can open the door to a flourishing of creativity and innovation in the electricity sector, unlike anything it's seen since the days of Thomas Edison.

https://nntaleb.medium.com/the-world-in-which-we-live-7255aad3e18c